Publication Type

Journal Article

Version

publishedVersion

Publication Date

9-2022

Abstract

Extant research has focused primarily on the collaborative side of chair-director similarity in director selection, whereas the potential competitive side remains underexplored. Emphasizing the dual role of directors as both collaborators and competitors, as perceived by chairs, we incorporate both the similarity-attraction logic and the similarity-competition logic in director selection and develop a collaborative-competitive framework to reconcile the tension between them. Based on new director selection data from Chinese listed firms, we find that chair-director similarity in the competitive-oriented political background is negatively related to the likelihood of the director being selected—consistent with the similarity-competition logic, whereas chair-director similarity in the collaborative-oriented technological background is positively related to the likelihood of the director being selected—consistent with the similarity-attraction logic. Furthermore, we reveal how the similarity-derived effects are contingent on within-similarity heterogeneity. Our study advances research on director selection by providing a more fine-grained understanding of chair-director similarity in director selection.

Discipline

Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Asia Pacific Journal of Management

ISSN

0217-4561

Identifier

https://doi.org/10.1007/s10490-022-09850-9

Publisher

Springer

Additional URL

https://doi.org/10.1007/s10490-022-09850-9

Download

Share

COinS